Same problem, but FTB issued "CalEITC Qualification Expanded/Credit Code 242 PTE Elect". which stated changes have been made to form Schedule P (540) which supports SB113 repeal of TMT limitations. They go on to say "The changes will go into effect for the California FTB e=file program on March 21, 2022.
The actual FTB form, Schedule P doesn't have credit 242 pre printed, so I believe (not an expert) that if you override Turbo Tax's form Schedule P where it puts the credit in section A2 and manually put it in Section B, it will take full credit without limitations.
I would prefer Turbo Tax correct their program, but it probably will take awhile. I will probably give TT a few more days, if no corrections I will e-file and based on the FTB release, they should accept my return with the 242 credit.
